Marrakech, Morocco — Morocco’s national railway operator, ONCF, has achieved a historic financial milestone, surpassing MAD 5 billion ($500 million) in revenue for 2025. The revenue surge, unveiled at a board of directors meeting on April 9 in Rabat, was attributed to robust performance across its passenger, freight, and phosphate transport segments.
The significant revenue increase was primarily driven by a 5% rise in passenger traffic, which reached 55. 6 million travelers. This passenger growth translated into MAD 2.
9 billion ($290 million) in revenue. The expansion of mobility and accessibility across the railway network played a crucial role in this growth. Al Boraq, Africa’s first high-speed train, also contributed to the revenue, carrying 5.
6 million passengers and generating MAD 848 million ($84. 8 million).
ONCF’s response to the Africa Cup of Nations (AFCON) 2025 was notable, with the deployment of a dedicated transport plan that included opening the Rabat Riad station and setting up exceptional stops in Marrakech, facilitating the movement of over 250,000 supporters.
On the freight side, the merchandise segment handled 9 million tons of goods, marking a 6% year-on-year increase, and contributing MAD 744 million ($74. 4 million) to revenue. The phosphate transport segment saw a more pronounced rebound, with volumes exceeding 14.
2 million tons, a 12% increase, and generating MAD 1. 25 billion ($124. 5 million).
Financial prudence was also evident, with EBITDA climbing to MAD 2.17 billion ($217.3 million) in 2025, reflecting a focus on cost optimization and a return to a positive operating result. The operator’s strong investment push included civil engineering works on the Kenitra-Marrakech high-speed rail line and contracts for 168 new-generation trainsets.
Minister of Transport and Logistics, Abdessamad Kayouh, highlighted the MAD 96 billion ($9.6 billion) rail investment program initiated by King Mohammed VI and the progress of railway works for Greater Casablanca. ONCF’s commitment to sustainability was further demonstrated by a 26% reduction in greenhouse gas emissions and the development of a new ESG strategy aiming for 2030.
Source: moroccoworldnews
Original author: Adil Faouzi
